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D. Jonathan Merriman, a director at PodcastOne, Inc. (NASDAQ:PODC), recently purchased 5,200 shares of the company’s common stock. The acquisition, dated March 10, 2025, was executed at a price of $1.72 per share, amounting to a total transaction value of $8,944. The purchase comes as InvestingPro data shows the stock trading below its Fair Value, with analysts setting price targets between $4.50 and $5.00 despite recent market weakness.
Following this transaction, Merriman holds a total of 195,679 shares indirectly, as indicated in a custodial account, and 216,452 shares directly. The shares in the custodial account are managed under the Uniform Transfers to Minors Act for the benefit of Merriman’s son, with Merriman retaining voting and dispositive power. Additionally, part of his holdings is managed through the D. Jonathan and Odile Merriman Family Trust, where he holds shared voting and dispositive power. InvestingPro analysis reveals the company maintains strong liquidity with more cash than debt, while showing promising revenue growth of 23% in the last twelve months.
In other recent news, PodcastOne Inc. reported its third-quarter fiscal 2025 earnings, revealing a net loss of $0.06 per share, missing analysts’ expectations of a $0.02 profit. Despite this shortfall, the company achieved a revenue of $12.7 million, surpassing the forecasted $10.96 million and marking a 22% year-over-year increase. PodcastOne also announced a strategic partnership with Amazon (NASDAQ:AMZN)’s ART19, anticipating a minimum of $15 million in guaranteed revenue over the next three years. The company maintains a debt-free status with $600,000 in cash and cash equivalents. Analysts noted that the partnership with ART19 could potentially boost PodcastOne’s revenue channels, as it leverages Amazon’s advanced technology and advertising capabilities. Additionally, PodcastOne launched new products and strategic partnerships, including one with Amazon’s ART19, to enhance its market position. The company reaffirmed its full-year revenue guidance of at least $51 million, representing a 17% increase year-over-year. Despite the earnings miss, PodcastOne’s strategic initiatives reflect its commitment to long-term growth and innovation in the podcasting industry.
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